Ramakrishna Karuturi has mocked plans to sell off his Naivasha-based flower farm, saying the liquidation procedure will not affect his ownership of the land, which is held through separate subsidiaries.

After close to three years and many court cases in Nairobi and Nakuru, the curtains appear to be coming down on one of the world’s biggest players in the cut flower industry — Karuturi Limited — after its owners conceded to an application to wind it up.

Karuturi Global Ltd., one of the largest investors in Ethiopia’s farm industry, is challenging the termination of its project, claiming the government broke the terms of its agreement with the company.